A Premier League club has been docked 10 points this season after being found guilty of breaching EPL financial fair play rules.
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On Friday, it was announced that 10 points from Everton's tally have been deducted after they were found to have breached strict economic rules.
The club has already responded with a statement on their website, admitting they are "shocked and disappointed" and that they will move swiftly to appeal against the ruling.
Below is the Toffees' full statement:
"Everton Football Club is both shocked and disappointed by the ruling of the Premier League's Commission," it read.
"The Club believes that the Commission has imposed a wholly disproportionate and unjust sporting sanction. The Club has already communicated its intention to appeal the decision to the Premier League. The appeal process will now commence and the Club's case will be heard by an Appeal Board appointed pursuant to the Premier League's rules in due course.
"Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process. The Club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings. Both the harshness and severity of the sanction imposed by the Commission are neither a fair nor a reasonable reflection of the evidence submitted.
"The Club will also monitor with great interest the decisions made in any other cases concerning the Premier League's Profit and Sustainability Rules.
"Everton cannot comment on this matter any further until the appeal process has concluded."
Everton now find themselves on four points after the ruling, which see them go second bottom of the table on the same points tally as Vincent Kompany's struggling Burnley.
It was initially rumoured that the Premier League were seeking a 12-point penalty for the club currently coached by Sean Dyche.
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